VNB Earnings Reports

Virginia National Bankshares Corporation reported a strong first quarter in 2025, with net income increasing to $4.5 million, or $0.83 per diluted share, up from $3.6 million, or $0.68 per diluted share, in the prior year. This growth was primarily due to increased net interest income from higher average loan balances and decreased interest expense.

Virginia National Bankshares Corporation reported a net income of $4.6 million, or $0.85 per diluted share, for the quarter ended December 31, 2024. This represents an increase compared to the $3.2 million, or $0.59 per diluted share, recognized in the same quarter of the previous year. Loan balances increased 13% over the prior year.

Virginia National Bankshares Corporation reported a net income of $4.6 million, or $0.85 per diluted share, for the quarter ended September 30, 2024. Loan balances increased by 11% during 2024 and 19% year-over-year. Credit quality metrics remained strong, and capital and liquidity positions continued to be solid and stable.

Virginia National Bankshares Corporation reported a decrease in quarterly net income to $4.2 million, or $0.77 per diluted share, compared to $5.7 million, or $1.05 per diluted share, for the quarter ended June 30, 2023. The decline was attributed to increased cost of funds and the accretion of the credit mark related to purchased loans.

Virginia National Bankshares Corporation reported a net income of $3.6 million, or $0.68 per diluted share, for the quarter ended March 31, 2024. The company experienced loan growth and maintained strong credit quality metrics. Deposit balances increased, and the company refrained from using brokered funds and reduced debt, stabilizing the cost of funds.

Virginia National Bankshares Corporation reported a net income of $3.2 million, or $0.59 per diluted share, for the quarter ended December 31, 2023, compared to $7.1 million, or $1.32 per diluted share, for the quarter ended December 31, 2022. Gross loans outstanding totaled $1.1 billion, an increase of 16.7% compared to December 31, 2022, and an increase of 7.1% compared to September 30, 2023.

Virginia National Bankshares Corporation reported a net income of $4.7 million for the quarter ended September 30, 2023. The company experienced loan growth, an increase in yield on loans, and a decrease in noninterest expenses due to merger efficiencies. However, net interest income decreased due to increased interest expenses on deposit accounts and borrowings.

Virginia National Bankshares Corporation reported a net income of $5.7 million, or $1.05 per diluted share, for the quarter ended June 30, 2023. The company's return on average assets set a record for the Company in the first half of 2023, as we achieved 1.47% year-to-date.

Virginia National Bankshares Corporation reported a net income of $5.8 million, or $1.08 per diluted share, for the quarter ended March 31, 2023, representing an 18% increase compared to the same period last year. The company's return on average assets increased to 1.48%, and the efficiency ratio improved to 56.2%.

Virginia National Bankshares Corporation reported record quarterly net income of $7.1 million, a 35% increase compared to the same quarter last year. The company's performance was driven by effective cost management, savings from the merger, and strong credit discipline.

Virginia National Bankshares Corporation reported a strong third quarter with net income of $5.8 million, an 84% increase compared to the same period last year. The company benefited from efficiencies gained from the 2021 merger with Fauquier and effective management of the overhead cost structure.

Virginia National Bankshares Corporation reported a significant increase in net income for the second quarter of 2022, with $5.7 million, or $1.06 per diluted share, compared to $147 thousand, or $0.03 per diluted share, for the quarter ended June 30, 2021. The company's efficiency ratio improved, and returns on average assets and equity increased substantially. The company has realized savings associated with the merger and expects to realize significant additional savings.

Virginia National Bankshares Corporation reported a net income of $4.9 million for the quarter ended March 31, 2022, a 227% increase compared to the same quarter in the prior year. The company's net income per diluted share improved to $0.92 from $0.55 in the prior year. The company benefited from the merger with Fauquier and anticipates further benefits from interest rate increases and expansion into northern Virginia markets.

Virginia National Bankshares Corporation reported a strong fourth quarter and record net income for 2021, driven by the successful integration of Fauquier Bankshares and the realization of cost savings. Net income for the quarter ended December 31, 2021, increased by 100% compared to the same period in the prior year.

Virginia National Bankshares Corporation reported a net income of $3.1 million, or $0.59 per diluted share, for the quarter ended September 30, 2021, a 68% increase compared to the same quarter last year. The results were positively impacted by the merger with Fauquier Bankshares, Inc.

Virginia National Bankshares Corporation reported net income of $147 thousand, or $0.03 per diluted share, for the quarter ended June 30, 2021. The results reflect a 93% decrease compared to the same period last year, primarily due to $5.9 million in merger expenses. Excluding these costs, the company would have posted net income of $0.89 per diluted share.

Virginia National Bankshares Corporation reported a strong second quarter with a 49% increase in net income compared to the preceding quarter. The company's financial position remains solid, supported by strong credit standards and a focus on customer and employee needs during the pandemic.